Chapter 3 IF1 Quizsearch
- Created by: DeborahRobinson
- Created on: 14-08-19 09:47
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Clues
- A contract must be supported by this to be valid and is often in the form of money (13)
- A means of terminating the insurance contract if there was a total loss of the subject matter e.g. if a car was burnt out (10)
- A term in an insurance contract which according to the Marine Insurance Act 1906 must be exactly and literally complied with by the insured (8)
- A way agency can arise if the agent acts without authority but the principal accepts the act as having been done on their behalf (12)
- A way agency can arise when a person is entrusted with someone else's goods and it becomes necessary to act in a certain way in order to preserve the property in an emergency (9)
- A way agency can arise where both parties enter into a legally enforceable agreement (7)
- An insurer can avoid a contract as a consequence of non-disclourse/misrepresentation by setting it aside as (7)
- The final and unqualified agreement to an offer (13)
- Type of acceptance if new terms are introduced (11)
- Under IA 2015 what type of act can an insurer elect to terminate the insurance contract from the time of a act without a return of the premium (10)
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